Federal Bureau of Investigation Archives

U.S. Treasury’s financial crimes network warns of elder exploitation

April 19, 2024 mpsingh No Comments Real estate crimes, Department of the Treasury, Elder, exploitation, Federal Bureau of Investigation, financial, HUD, Network, Treasurys, U.S, warns

The Financial Crimes Enforcement Network (FinCEN), a division of the U.S. Department of the Treasury, is sounding the alarm over challenges faced by elder financial exploitation (EFE). In a newly released trends report, FinCEN highlighted more than $27 billion worth of “suspicious activity” across more than 155,000 filings of Bank Secrecy Act (BSA) data with [...]read moreU.S. Treasury’s financial crimes network warns of elder exploitation

Cybercrime losses hit record high in 2023

Cybercrime losses rose to a record high of $12.8 billion in 2023, according to the latest Federal Bureau of Investigation Internet Crime Report, published earlier this week. In 2023, the FBI noted that it fielded 880,418 cybercrime complaints, a 10% uptick from the year prior. The potential losses from these complaints also rose to a [...]read more